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Property profile & analytics
FOR SALE
Showrooms

1943 Putnam Pike Glocester, RI 02814

2,560 SF 0.5 ac lot Built 1940
Entity Owned 2-yr Hold Free & Clear
Property ID
US76-0301538
Property summary
AI-generated overview

This exceptional 3,520 sq ft retail property, situated on a 34,412 sq ft lot, presents a unique investment opportunity. The two-story building, featuring a total of 75 parking spaces, is ideally suited for automotive businesses. Currently undergoing revitalization, with completion slated for July 1st, the property boasts two rentable shops. One shop includes three garage bays, a lift, restroom, and office space, available for $3,300 per month. The second shop offers two garages with a paint booth, and potential for second-floor office expansion, with pricing adjusted accordingly. The property is zoned 0020 and offers a fenced area for security, ample parking for up to 75 vehicles (with capacity for 25 unregistered and 50 registered/operable vehicles), and a license for auto body repair. Located on a high-traffic route near the Connecticut border, this over ¾ acre lot provides excellent visibility and accessibility. The property is available for lease as a whole ($5,000/month, $1.42 PSF) or individually. Showings are by appointment only; please do not trespass on the property.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction FRAME
Total area 2,560 SF
Lot 0.5 ac (21,736 SF)
Zoning code 20
APN GLOC M:007 B:075
UPID US76-0301538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rer LLC · 2 yrs held
Rer LLC
since 2023
Last sale
$210,000
2 recorded transactions
2023
$210,000
2023
Price N/A
Zoning & alternative use
20 · Chepachet, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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